FAC2601 ASSIGNMENT 1 – SEMESTER 1 OF
2021
1. 3
Shares
5 000 000 10 000 000
Issued at R0.50 each ( 0.5 )
1 500 000
Issued 31 October 2020
Total shares before capitalisation 11 500 000
𝟏 2 300 000
Capitalisation shares (𝟏𝟏 𝟓𝟎𝟎 𝟎𝟎𝟎 ∗ 𝟓)
R – value of the shares (𝟐 𝟑𝟎𝟎 𝟎𝟎𝟎 ∗ 𝟎. 𝟔𝟓) R1 495 000
2. 1 [(750 000 − 680 000) ∗ 15 ∗ 65%] = 𝑹𝟔𝟖𝟐 𝟓𝟎𝟎
3. 1
4. 1
5. 4
6. 4
R
Ordinary dividend (450 000 ∗ 0.15) 67 500
Preference dividend (75 000 ∗ 2 ∗ 0.12) 18 000
Cumulative preference dividend (35 000 ∗ 3 ∗ 10% ∗ 3) 31 500
117 000
7. 3 (350 000 ∗ 2 ∗ 35%) = 𝑹𝟐𝟒𝟓 𝟎𝟎𝟎
8. 2
2021
1. 3
Shares
5 000 000 10 000 000
Issued at R0.50 each ( 0.5 )
1 500 000
Issued 31 October 2020
Total shares before capitalisation 11 500 000
𝟏 2 300 000
Capitalisation shares (𝟏𝟏 𝟓𝟎𝟎 𝟎𝟎𝟎 ∗ 𝟓)
R – value of the shares (𝟐 𝟑𝟎𝟎 𝟎𝟎𝟎 ∗ 𝟎. 𝟔𝟓) R1 495 000
2. 1 [(750 000 − 680 000) ∗ 15 ∗ 65%] = 𝑹𝟔𝟖𝟐 𝟓𝟎𝟎
3. 1
4. 1
5. 4
6. 4
R
Ordinary dividend (450 000 ∗ 0.15) 67 500
Preference dividend (75 000 ∗ 2 ∗ 0.12) 18 000
Cumulative preference dividend (35 000 ∗ 3 ∗ 10% ∗ 3) 31 500
117 000
7. 3 (350 000 ∗ 2 ∗ 35%) = 𝑹𝟐𝟒𝟓 𝟎𝟎𝟎
8. 2
